Japanese Yen weakens, US Dollar strengthens due to strong US job data and hawkish Fed sentiment.
The Japanese Yen has weakened, while the US Dollar has strengthened, driven by robust US job data and a hawkish Federal Reserve sentiment. Japan's annualized GDP contracted less than expected, with a 1.8% decline in Q1, potentially limiting the downside of the JPY. The US Dollar Index continues to rise due to higher US Treasury yields. Meanwhile, the Japanese stock market has experienced notable gains, with the Nikkei 225 Index rising by 0.50% to 38,877.57.
June 10, 2024
7 Articles